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20130124
20130201
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
is in this a lexus, the rich moving from high tax states to lower tax states like texas, arizona, tennessee, florida. joining us is ed butowksi, welcome back to the program. you are going to tell me about your clients, no names. clients of yours on the move, calif. out, some place else. you have got a gentleman moving from orange county to where? >> right into dallas. his number one reason was carries no reason to pay, the ceo of public companies that i'm done, moved to dallas, got an apartment and got much smaller but paying nothing in income-tax is because in the state of texas is a big zero. stuart: he has saved an enormous amount of money. >> a very wealthy man and really symbolic of what is happening throughout california. not just the rich. you hear people saying get me out, another client in san diego, not an extraordinarily wealthy person but has done well, retiring, said i am done, and move to idaho. stuart: anybody else in california moving? >> another thing. i manage professional athletes. when they negotiate their contracts one thing becomes of is they will go to california is taxes. how
's new push for a video subscription service. lori: whether we like it or not, tax season news kicking off today, two weeks later than normal. when you need to file and can expect that refund. ♪ . >> i'm adam shapiro with your fox business brief. stocks are holding near five-year highs after a report showing the economy contracted in the final quarter of last year and better than expected news on private sector hiring in january. checking the dow industrials right now, we are down just one point. >>> shares of amazon are higher after the company's fourth quarter gross profit margin surprised wall street. they came in just over 24% compared with expectations of about 22%. after the bell the online retailer reported a profit of 21 cents a share, 7 cents shy of expectations. while revenue was up 22% over a year ago at $21.27 billion, it also fell short of the estimate of more than 22 billion. >>> toyota is recalling more than one million cars for faulty airbags and defective windshield wipers. most of the recall affects corolla models. that's the latest from the fox business network, gi
. [ male announcer ] try alka seltzer plus severe sinus day and night ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. then you're going to love this. right now they're only $14.95! wow-a grt deal just got a whole lot better. hurry. $14.95 won't last. >>> prostitution and politics. senator bob menendez is denying claims of a campaign donor, provided him with prostitutes, potentially underage, while he was in the dominican republic last year. now, the senator's denial comes just hours after the office was raided in miami. susan candiotti is "outfront" with this story. what are you learning about this investigation? >> hi, erin. the allegations involve who paid for trips he took to a luxury resort in the dominican republic and who he may have met while there. prostitutes. he denies anything improper about the trips in question and denies he was with prostitutes. a florida eye doctor and his campaign contributor with whom the senator stayed is now under scrutiny wi
learned in 2011, melvin was slapped with an $11 million tax lien by the irs. the doctor has not returned repeated calls from cnn. menendez acknowledges in a statement that he's flown on the doctor's corporate jet. the doctor has a vacation home at a lush seaside resort in the dominican republic. now, it appears the senate ethics committee may be involved. last fall, it got this e-mail complaint from a new jersey republican state senator asking for an investigation into those caribbean trips. the e-mail complaint questions whether menendez violated the code by quote repeatedly flying on a jet to the dominican republic and other locations and solisitting prostitution. last month, a watchdog group received an allegation he was partying with -- in the dominican republic. the group referred it to the fbi. more recently, a conservative blog published a link to videos of alleged prostitutes making claims against the senator. neither the fbi nor the ethics committee will say whether they are investigating senator menendez. >> very quickly, has he said anything about it? has he outright denied it
, competition from bonds, not so great. i still can't get over that they preserve thafd dividend low tax rate these are bond equivalents, a lot of stocks, especially when they boost the dividends. keep the balls in the air. that's what can happen. >> yeah. a lot of discussion yesterday as to why the fomc continues nobody that kind of mode as opposed to something else, which people speculated a lot b meantime, speaking of broad economy and markets, a pair of multinationals falling in the premarket, ups posting a earns of $1.32 that missed. revenues slightly exceeded. also issues guidance below estimates and dow chemical says the company saw significant deterioration in market it is serves, especially china. earlier on "squawk," dow chemical outlined the challenges for the company. >> could dampen the economy again through our politics but i would tell you i key is good things out of china with their leadership stabilizing and emerging asia as a whole. 35% of dow's revenues are now in emerging geographies and where we are putting a lot of our investment and our money. >> how concerning, jim, tw
. it cannot pay. it has dramatically raised taxes and it still cannot pay. the big failure is with pension reform. the unions have blocked it insisting that all the promises made in the past must be paid in full. now, they try to borrow and they can't. at least not at an affordable interest rate. so they are stuck. they are in crisis. we've said many times on this program that what illinois really wants, what it says -- really looking for it is an obama bailout. they want a pay off for voting heavily for the president's reelection. will they get it? more importantly are you in texas, new jersey and all over the country, are you prepared to give them your money? stuart: let's get right at it. illinois at a stand still. they can't borrow money. it is a crisis. wgn radio host is our person in illinois and she joins us now. yesterday they were trying to issue a bond, trying to raise 500 million dollars. they had to cancel it because the interest they would have to pay would just -- they couldn't afford it. are they now at a stand still unable to pay bills and they can't borrow? >> well, stuart
. earnings were down considerably from last year thanks to a tax settlement a year ago. but the results were well above wall street estimates, thanks to a double digit jump in revenues. driving that growth was an increase in deliveries of commercial planes. the 737 remains the driver, with 105 planes delivered. the 777 also helped, as did the 23 dreamliners handed to customers last quarter, but those planes can't fly right now. u.s. and japanese regulators have grounded the 787 due to concerns about its lithium batteries overheating and catching fire. today boeing management said it is making good progress in finding the cause. peter arment is the aerospace analyst at investment firm sterne agee. >> tom: boeing still plans to ramp up production of that dreamliner, triple the number it dlivers and takes payment f. how confident are you it can stick with that? >> we're very confident. i mean, yes, there is no question there is headline risk with the 787. i think that there is concerns about what the ultimate solution will be, or root cause. but everything we have seen, it is a battery defect.
as phillip was talking about, deal with the taxes. you've got to have tax reform in this country. that's probably the next step. >> it's easier to push the ball down the field. that's what we always do which is a shame. >> does it have to do with they don't think this is going to have a financial impact or financial markets? >> that's right. housing is moving. the stock market is at an all time high now. people are feeling better. what they think this might do is give stability to some of this. we'll see. >> could impact other people locally. big issue here locally. >>> obviously, immigration as well. something we've talked about. this is one of his big issues domestically. how delicate is this senate compromise they are talking about? how delicate is that? we've seen what happened with the fiscal cliff dealings and things come to a stand off. do we think we can get something done? >> it's delicate. but it's also encouraging. we have four democrats and four republicans who have come together. we have to deal with this right now. four years after not doing anything. but i agree. the key
because last quarter we have an increase on the vat taxes and really we pass from the bat from 70% four years ago to 21% now in the last quarter. really as you say, the retail -- the consumer has fallen down dramatic. we need to remember that the public employees has cut their extra payment from the christmas extra payment. and this situation with no more extra for christmas present has fallen down, too, since christmas time. >> citibank says public debt the surge from 88% to 110% of gdp in two years. surely the spanish government is going to have to go into an ecb program. not so that they can get cheap money. so they can get money flowing. >> yeah. as you say before, the situation is the new ministers that the government call reinforce our economy. really our debt limits is too high in terms of ecb, in terms of europe. okay, we're going to cut in our deficit level, but it's not enough. now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only wa
with a green card as long as they paid back taxes and paid penalties and get in line for citizenship and approval. they also, however, want stronger border security and tracking of legal immigrants and whether or not they overstayed their welcome. they want to strengthen the employment verification system out there for immigrants, and those getting advanced degrees, ph.d. and masters in the math and the sciences. all of this is good politics, take a listen. >> look at the last election. look at the last election. we are losing dramatically the his pappic vote we think should be ours for a variety of reasons, and we got to understand that. >> in the last election, president obama got 71% of the hispanic vote, and mitt romney got 27%. dennis, cheryl? cheryl: immigration a big topic, obviously, and they voted on that. peter barnes, thank you very much. >> you bet. cheryl: gun stocks trading, the sector, we have been watching it, the two biggest names we follow, mar -- marginally higher. the president and vice president meeting with chiefs from major cities like aurora, colorado, oak cre
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's about tax reform. that's about a balance between growth-oriented policies and appropriate spending cuts. >> joe? >> you know, there are things, jon meacham, that even conservatives, small-government conservatives, can support that, again, take care of these things. we can look at medicare. we can look at medicaid. but we don't have to slash spending on pell grants. and when you look at the budget our infrastructure, you look at the budget, right now discretionary dmomestic spending -- i don't want to bore people, but that's an area that makes up those sort of investments that grow the economy. that only takes up about 10 to 12% of our budget now. defense, entitlements and servicing the national debt take up the vast majority of the other 80%, 85%. so we can invest and still be fiscally prudent and take care of our long-term obligations now. >> you know, facts are stubborn things. when we talk about big-spending government, what we're really talking about is not on poor people, not on students, not on -- we're talking about us. we're all what jonathan roush called, we're in the middle of
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and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense stocks reacting to the 22% reduction in defense spending by the government in the fourth quarter? jane wells has details in l.a. jane? >> tyler, defense spending down. after reporting descent guidance and returning lots of cash to investors, saying quote i can't recall a time of greater uncertainty. raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march. pentagon spending, as you can see, never 22%. cuts included 43% cuts to ships. 90 percent in weapons support. but look, 64% jump in missile spending. good for lockheed and raytheon. we have an attack inside syria. expe
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possession. under it a squatter can claim the property if they live there seven years and pay taxes on it. the 2012 taxes on that mansion? 39 grand, which i'm guessing he may not have. >> you know what? adverse possession has been around forever. you know? but he, it's interesting to me that he even knew about it. it is a bit obscure. you learn that first year in law school. >> he is smart. knew about it. >> he sure did. >> i don't blame him. >> i need to adversely possess real estate. >> aim high. aim high. >>> well, violent storms are slamming the east coast this morning, after leaving parts of the south and midwest in shambles. the giant system triggered two dozen tornadoes. one of them slammed northern georgia knocking out power, flipping over semi trucks and cars and damaging 100 homes. one man was killed when a tree crushed his trailer. another man died in tennessee. >> rough few days for weather. with that take a look at today's weather. strong storms from atlanta to new england. some morning downpours for d.c. and here in the big apple. lake-effect snow from michigan to upstate ne
's no longer, it's as bad as it used to be. they didn't mind paying the taxes. they are buying back stock. what a good call. >> all true. it's an interesting point you make, one that we perhaps don't focus enough on, in creating enthusiasm amongst your own employee base in order to attract talent, in order to keep talent. she seems to be having success at doing that. >> she has charisma. >> it is about free cafeteria food and issuing iphones to employees. >> it's important when it's a turn-around story and there has to be one or two more quarters for the results to be seen. that's a great point you made, because these are needed expectations, the fact that they beat, and they show the business lines weren't doing much worse. but revenues were better than consensus. it was a stability quarter. they bought back a lot of stock, because it's extremely investment friendly. >> a number of directors on the board will be focused on that. dan loeb is still in there. probably will be for some time. and has done very well with it. that helps also. he was key in terms of at least the appointment of mayer t
napolitano talks to us about the tax that taxpayers are staring at after the big bank bailout. take a look at how the guild on the ten year is doing today. the market is flat, but the surgery yield is back above 2%. the local [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class... quiteossibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> i am lori laughlin with your fox business brief. the latest policy meeting is underway. they will stick with its plan of holding inte
Search Results 0 to 28 of about 29 (some duplicates have been removed)